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Nobody Knows How to Ever Get Out of This Mess
Nobody Knows How to Ever Get Out of This Mess “Extend and Pretend” forevermore. This is the transcript of my podcast last Sunday, THE WOLF STREET REPORT. You can listen to it on YouTube, and you can find it on Apple Podcasts, Spotify, Stitcher, Google Podcasts, iHeart Radio, and others. Until a few months ago, most Americans […]
Chevron Shares Slide After Recording Historic Quarterly Loss
Chevron Shares Slide After Recording Historic Quarterly Loss Chevron Corporation reported a loss of $8.3 billion for the second-quarter 2020, the worst quarterly decline in a generation, and warned: “COVID-19 significantly reduced demand for our products and lowered commodity prices.” Chevron lost $1.59 per share on an adjusted basis while recording revenues around $13.49 billion. In the same quarter last year, […]
Rabobank: Everyone Thinks They Know What’s Going On When They Actually Don’t
Rabobank: Everyone Thinks They Know What’s Going On When They Actually Don’t Try Not To Be Rash(omon) The 1950 movie ‘Rashomon’ from director Akira Kurosawa a classic which infamously telling the story of a terrible crime from four different points of view. The “Rashomon effect” is a related term describing the notorious unreliability of eyewitnesses, […]
Massive Investment Demand Puts Silver Back On The Mainstream Radar
Massive Investment Demand Puts Silver Back On The Mainstream Radar With silver up 30% for the month, the shiny metal is now back on the Mainstream Media Radar. Yeah, it’s been seven long years since silver traded at $24, but now it looks as if it is just in the beginning stages of a new […]
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss Too-Big-To-Fail Santander is also one of the Eurozone’s worst capitalized banks. Banco Santander, Spain’s largest lender and one of the Eurozone’s eight global systemically important banks (G-SIBs), has posted its first ever loss in 163 years of operations. And it was gargantuan. During the first […]
World on Verge of Spinning Out of Control – John Rubino
World on Verge of Spinning Out of Control – John Rubino Financial writer John Rubino says gold is at new all-time highs, silver is vaulting upward and there is no end in sight for the massive money printing around the world. Rubino say’s if you look deeper, you can see the “real message” in the […]
Did the Fed Just Unwittingly Light the Spark Towards 13% Inflation?
Did the Fed Just Unwittingly Light the Spark Towards 13% Inflation? The Fed just announced a major shift in its approach to inflation, and the move is not getting nearly the attention that it deserves. That is, of course, unless you don’t mind inflation moving higher than any other time in recent memory. Writing for […]
Pandemic Priorities: supporting alternatives now is promoting a sustainable economy
Pandemic Priorities: supporting alternatives now is promoting a sustainable economy Especially in these times, honoring our ancestors is investing in and trusting alternatives that are based in dignity, health and livelihoods for all of us. In the early 1960s, my grandma was a secretary at the Caymanas Sugar Estate in Portmore, Jamaica. She helped the […]
Twenty Questions that Will Make you Rethink Trade
Twenty Questions that Will Make you Rethink Trade We live in the age of trade. Trade, supported by an infrastructure of criss-crossing cargo ships, mega-ports, and an endless armada of trains and trucks plying the railways and highways, has become the foundation of the modern global economy. (And let’s not even talk about the virtual […]
Is the Dollar Overvalued or Undervalued?
Is the Dollar Overvalued or Undervalued? The latest claim running around is that the dollar is overvalued relevant to its trading partners, and it will decline as the economy recovers due to imports. You really have to wonder if these analysts are just working from home and have lost all sense of the world because […]
What? Default? Where? Dollar?
What? Default? Where? Dollar? It won’t come as a surprise to anyone that the first half of 2020 has brought, among many other things, renewed calls for the demise of the US dollar. It’s been pretty much a non-stop call for over a decade now, and longer. But this time, like all previous ones, I’m […]
